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Stocks stage rally on foreign buying
The stock market staged a surprise powerful rally yesterday as KSE-100 index surged by 387.01 points or 1.32pc to close…
Assemblers fail to make gains on falling import of used cars
Import of used cars dropped sharply year-on-year in 2013-14, but local assemblers who had been lobbying against the arrival of…
MCB Bank, Millat Tractor sign MoU for provision of agri based credit to farmers
MCB Bank has signed a memorandum of understanding (MoU) with Millat Tractor Limited (MTL) to provide agriculture credit to farmers,…
Alibaba files one of the biggest IPOs in US history
Alibaba gave investors a closer look at the scale and growth of the Chinese e-commerce juggernaut in an initial public…
Citigroup to pay $7bn in subprime mortgages probe
Citigroup announced yesterday that it will pay roughly $7 billion to settle a federal investigation into risky subprime mortgages, the…
Textile package to be implemented through SROs
Federal Minister for Textile Industry Abbas Khan Afridi on Monday assured a textile delegation that the government would soon implement…
SBP sets agriculture loan target at Rs500bn
The State Bank of Pakistan (SBP) has assigned the scheduled banks with the task to disburse Rs500-billion agriculture credit during…
Profiteers make a killing amidst low monitoring
Karachiites are paying more for essentials during this Ramazan compared to residents of other parts of the country, particularly Lahore,…
Weekly inflation increases slightly
Weekly inflation for the combined income group increased by 0.23 per cent for the week ending July 10 over the…